A COMPREHENSIVE PRACTICAL GUIDE FOR TAXATION OF SMALL BUSINESSES, PROFESSIONALS & TRANSPORTERS
Taxation of Small Businesses [Section 44AD Scheme]
- Who can opt for Scheme?
- Can one opt in and opt out of Scheme at will?
- Are firms availing section 44AD entitled to deduction under section 40(b)?
- What are compliances required by assessee who opts for section 44AD Scheme?
Taxation of Professionals [Section 44ADA Scheme]
- Who can opt for 44ADA Scheme?
- Can one freely opt in and opt out of Scheme?
- What are implications of not opting for or opting out of Scheme?
- Are firms availing section 44ADA entitled to deductions in respect of interest/remuneration paid to partners?
- What are compliances required by assessee opting for Scheme?
- Taxation of Transporters [Section 44AE Scheme]